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Tweeting space robots a hit for Nasa

  Washington / DPA He may have been all alone on the Red Planet at Christmas but NASA’s robotic Curiosity rover said he didn’t “feel lonely.” At the beginning of the year, he wished everyone a “HappyNewYear from Mars!” And though he had a small problem with his drill just before the holidays, he was quick to reassure his Twitter ...

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A lumbering entry into modern warfare

  Muenster / DPA The hulking grey war machine resembles a ship’s upturned hull, with one stumpy barrel protruding above the Iron Cross insignia. It’s a far cry from the Tiger and Panther tanks that ravaged WWII battlefields, but a sombre testimony to the start of a terrifying new chapter in modern warfare. The first German tank, the A7V, was ...

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Carmakers’ plea for fuel economy review sets stage for showdown

  Bloomberg Automakers enjoying lucrative sales of trucks and sport utility vehicles are hoping President Donald Trump makes good on his vows to deregulate. Environmental groups are saying fuel efficiency standards won’t be watered down without a legal challenge. “We’ll see him in court,” Dan Becker, director of the Safe Climate Campaign, said of the group’s planned response if the ...

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British blue chips snub investor calls to reveal CEO pay ratios

  Bloomberg Some of Britain’s biggest companies are bucking calls to reveal more data about executive pay, risking a fresh rift with major investors who are urging the government to combat ballooning wage inequality. Four of the 16 FTSE 100 companies that responded to a Bloomberg survey — GlaxoSmithKline, AstraZeneca, Aviva and Anglo American — said they won’t publish a ...

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Agnico to invest $1.2bn in gold projects in Canada

  Bloomberg Agnico Eagle Mines Ltd. plans to invest more than $1.2 billion in Canada’s subarctic in the next three years as it builds one new mine and expands another. North America’s fourth-largest gold miner by market value is moving ahead with plans to develop its Meliadine project and a deposit near its Meadowbank mine in Nunavut, the company said ...

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US housing works exceed estimates

  Bloomberg Builders started work on more US homes than forecast in January after an upward revision to starts in the prior month, a sign construction was on a steady path entering 2017. Residential starts totaled an annualized 1.25 million, easing from a 1.28 million pace in the prior month, a Commerce Department report showed. The median forecast of economists ...

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Developer says right time to build homes in Spain

  Bloomberg Ignore those million-plus empty new homes scattered across Spain, a developer owned by Lone Star Funds says there’s never been a better time to build more. Neinor Homes, bought in 2014 by the Dallas-based investor, aims to become one of Spain’s biggest homebuilders by increasing construction in big cities where the housing stock is running low, according to ...

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OPEC could extend or deepen supply cut if oil glut persists

  Bloomberg OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level, OPEC sources said. The group, together with Russia and other non-OPEC oil producers, agreed late last year to cut output by 1.8 million barrels per day (bpd) to reduce a price-sapping ...

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Kuwait boosts capacity to open taps once crude curbs expire

  Bloomberg Kuwait is sticking with plans to add half a million barrels a day of oil-production capacity as it prepares for the eventual expiration of the output quotas OPEC adopted to help drain a global oversupply, the head of Kuwait Oil Co. said. State-run KOC plans to raise the Gulf nation’s capacity from its current level of 3.15 million ...

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Israel consumer prices rise for first time since 2014

  Bloomberg Israel’s annual consumer price index rose in January for the first time since 2014, finally turning positive after two years of record low interest rates. The index rose 0.1 percent in January from a year earlier, having declined on an annual basis for 28 months, Israel’s Central Bureau of Statistics said in a statement on Wednesday. Economists in ...

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